Home / Knowledge / News / Apparel/Garments / Destination Maternity announces credit ratings upgrade by S&P
Destination Maternity announces credit ratings upgrade by S&P
Feb '10
Destination Maternity Corporation, the world's leading maternity apparel retailer, announced that Standard & Poor's Ratings Services ("S&P") raised both its corporate credit rating on Destination Maternity to 'B' from 'B-', and its issue level rating on the Company's Term Loan to 'BB-' from 'B'. Also, S&P attached an outlook of "stable" to its credit rating of the Company.

S&P noted in its research update announcing the ratings upgrade, "The upgrade reflects the ongoing margin improvement, which has contributed to a substantial increase in EBITDA year over year. This EBITDA growth coupled with moderate amounts of debt repayment have resulted in sufficient improvement in the company's credit protection metrics to warrant an upgrade."

Ed Krell, Chief Executive Officer of Destination Maternity, noted, "We are very pleased that Standard & Poor's has raised our credit ratings in recognition of our strong improvement in operating performance and cash flow and the resulting improvement in our financial and credit statistics. We believe this upgrade is a positive development as we continue our progress in improving the profitability and financial position of our Company."

Destination Maternity Corporation

Must ReadView All

Textiles | On 22nd Jun 2017

Zund unveils cradle feeder roll-feed system for fabrics

Zund Systemtechnik AG, Switzerland’s textile machinery firm that...

Textiles | On 22nd Jun 2017

Hpfabrics opening production facility in Forsyth County

Hpfabrics, manufacturer of raw fabrics, is opening a new production...

Courtesy: Napapijri

Apparel/Garments | On 22nd Jun 2017

Napapijri's Superlight Parka is free of fur and down

Napapijri has introduced the new Superlight Parka, a new lightweight...

Interviews View All

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Poojaa Kumar Deepak

Zeven's performance sports apparel is designed for the Indian body type,...

Anshul Sood

‘Indian footwear market is nascent and largely a trend follower’

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search